Capstar Financial (CSTR) Raised to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Capstar Financial (NASDAQ:CSTR) from a hold rating to a buy rating in a research report report published on Tuesday. The brokerage currently has $23.00 price target on the bank’s stock.

According to Zacks, “CapStar Financial Holdings, Inc. is a bank holding company. It operates primarily through its wholly owned subsidiary, CapStar Bank. The Company offers baking products and services which include savings accounts, debit and credit cards, personal and business loans, mortgages, line of credit, wealth management and online banking. CapStar Financial Holdings, Inc. is headquartered in Nashville, Tennessee. “

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Separately, Keefe, Bruyette & Woods reissued a hold rating and issued a $18.00 price objective on shares of Capstar Financial in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $19.25.

Capstar Financial (NASDAQ:CSTR) opened at $20.71 on Tuesday. Capstar Financial has a 1 year low of $16.00 and a 1 year high of $22.22. The stock has a market capitalization of $232.75, a PE ratio of 20.09 and a beta of 1.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.95 and a current ratio of 1.00.

Capstar Financial (NASDAQ:CSTR) last announced its earnings results on Monday, October 16th. The bank reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.12. Capstar Financial had a return on equity of 9.27% and a net margin of 7.05%. The company had revenue of $14.22 million for the quarter, compared to analyst estimates of $13.56 million. During the same period in the prior year, the company posted $0.20 EPS. equities analysts predict that Capstar Financial will post 0.36 earnings per share for the current fiscal year.

In other news, major shareholder Corsair Capital Llc sold 117,439 shares of the stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $21.82, for a total value of $2,562,518.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Julie D. Frist sold 2,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $19.50, for a total value of $39,000.00. Following the completion of the transaction, the director now directly owns 211,821 shares in the company, valued at $4,130,509.50. The disclosure for this sale can be found here. Insiders sold 121,439 shares of company stock worth $2,643,819 over the last three months. Corporate insiders own 19.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in CSTR. Huber Capital Management LLC grew its holdings in Capstar Financial by 1,129.8% during the third quarter. Huber Capital Management LLC now owns 145,939 shares of the bank’s stock worth $2,857,000 after acquiring an additional 134,072 shares during the period. Northern Trust Corp grew its holdings in Capstar Financial by 176.3% during the second quarter. Northern Trust Corp now owns 82,547 shares of the bank’s stock worth $1,465,000 after acquiring an additional 52,673 shares during the period. State Street Corp grew its holdings in Capstar Financial by 84.9% during the second quarter. State Street Corp now owns 73,650 shares of the bank’s stock worth $1,308,000 after acquiring an additional 33,826 shares during the period. Bank of New York Mellon Corp acquired a new stake in Capstar Financial during the second quarter worth about $380,000. Finally, Stifel Financial Corp acquired a new stake in Capstar Financial during the second quarter worth about $364,000. 35.64% of the stock is currently owned by institutional investors and hedge funds.

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Capstar Financial Company Profile

CapStar Financial Holdings, Inc is a bank holding company. The Company operates primarily through its subsidiary, CapStar Bank. CapStar Bank is a commercial bank. The Company’s lines of business include commercial and industrial, commercial real estate, healthcare, correspondent banking, personal and private banking and wealth management, and mortgage banking.